Gulf Keystone Petroleum Share Discussion Threads

[cnpc_loves_gkp] 27/2/2021 14:47

HTTPS://twitter.com/Paul47293202/status/1365249508230258688?s=19

[cnpc_loves_gkp] 27/2/2021 14:36

Thanks 1waving.SHAIKAN DATAUpper Kurre Chine A --- Formation Porosity P mean 11%Initial Condensate Yield --- P mean 14 BBL/MMCF.Upper Kurre Chine B --- Formation Porosity P mean 11%Initial Condensate Yield --- P mean 234 BBL/MMCFLatest CPR" -- Gross 2P Triassic and Cretaceous reserves of 47 MMstb were reclassified to gross 2C contingent resources(1) , while the Field Development Plan is progressed with the Ministry of Natural Resources. "..

[cnpc_loves_gkp] 27/2/2021 14:30

These haven't been set a date for FY as yet, which is odd , as by now they would have normally , and of course all peers have done so several weeks ago.Could be just lazy administration, maybe its because other news may be in advance.Either way before or after, I expect some substantive updates as the company remains in a crazy but highly profitable limbo.They are generating a great deal of monthly free cash, they hold a large cash balance, and could access at least $200m more from debt facilities.But they choose not to use any of this to grow the business by increasing production, investing a paltry $20m 2021 capex.If POO continues its rise they may soon be generating that in free cash every month!So we will see some of these possibilities at or before FY results.Listed in my personal view of likelihood.Dividend 25-50 mBuyback in the market 50m plusA completion of an accelerated share repurchase agreement for up to 25% of issueDeal on 73m arrears possibly by an improved WI PSCFarm in and FDP approvalReserve based lending facility and FDP , GKP take it forward aloneSale of Shaikan as an asset in whole or part, re assigned operatorshipFriendly takeoverHostile approachLook forward to seeing what happens.

[bigdog5] 27/2/2021 14:21

"to fast track production to at least 110kbbls a day".

Dream on you crazy fantasists.

Need gas reinjection, multiple new wells, new PF's, water handling facilities and then there's another massive issue that I won't mention that you delusional morons are totally clueless about. And that's just to get above the many years overdue 55k a day.

There will be no fast track simply because the cost benefit ratio just isn't there so why would anyone be interested unless its for a pittance.

Just work out what the "Xom mull" was all about, why DNO walked away and why there's been no interest since notwithstanding all the surveys done. Then of course there's the falling reserves and the Kozel barrels don't exist. Over ramped just doesn't cut it.

Cheap merger the best PI's can expect or the company will just plod along for years providing a trough for those that can.

Just a mull?

[k4n4k] 27/2/2021 14:10

Nesto - the only water in the oil at Shaikan will be holy water when the Pope blesses GKP. 😀

[cnpc_loves_gkp] 27/2/2021 12:32

Thanks 1waving.SHAIKAN DATAUpper Kurre Chine A --- Formation Porosity P mean 11%Initial Condensate Yield --- P mean 14 BBL/MMCF.Upper Kurre Chine B --- Formation Porosity P mean 11%Initial Condensate Yield --- P mean 234 BBL/MMCFLatest CPR" -- Gross 2P Triassic and Cretaceous reserves of 47 MMstb were reclassified to gross 2C contingent resources(1) , while the Field Development Plan is progressed with the Ministry of Natural Resources. "..

[cnpc_loves_gkp] 27/2/2021 12:31

These haven't been set a date for FY as yet, which is odd , as by now they would have normally , and of course all peers have done so several weeks ago.Could be just lazy administration, maybe its because other news may be in advance.Either way before or after, I expect some substantive updates as the company remains in a crazy but highly profitable limbo.They are generating a great deal of monthly free cash, they hold a large cash balance, and could access at least $200m more from debt facilities.But they choose not to use any of this to grow the business by increasing production, investing a paltry $20m 2021 capex.If POO continues its rise they may soon be generating that in free cash every month!So we will see some of these possibilities at or before FY results.Listed in my personal view of likelihood.Dividend 25-50 mBuyback in the market 50m plusA completion of an accelerated share repurchase agreement for up to 25% of issueDeal on 73m arrears possibly by an improved WI PSCFarm in and FDP approvalReserve based lending facility and FDP , GKP take it forward aloneSale of Shaikan as an asset in whole or part, re assigned operatorshipFriendly takeoverHostile approachLook forward to seeing what happens.

[the patriotic irishman] 27/2/2021 12:29

I thought (just for a change) I'd get up early so I could sample how it looks through those 'special' edition rose tints you all wear on a weekend 😎


AND not surprisingly, it still looks EXACTLY THE SAME and just as it's always been 🤦‍a94;️


IE
nowhere near your 300p and there are no signs of it being bang gone sold 😂 😂 😂



toodlepip 😋

[1waving] 27/2/2021 11:26

.
SHAIKAN DATA

Upper Kurre Chine A --- Formation Porosity P mean 11%
Initial Condensate Yield --- P mean 14 BBL/MMCF



.

Upper Kurre Chine B --- Formation Porosity P mean 11%

Initial Condensate Yield --- P mean 234 BBL/MMCF





Latest CPR
" -- Gross 2P Triassic and Cretaceous reserves of 47 MMstb were reclassified to gross 2C contingent resources(1) , while the Field Development Plan is progressed with the Ministry of Natural Resources. "
.

.

[toddkozel] 27/2/2021 11:05

These haven't been set a date for FY as yet, which is odd , as by now they would have normally , and of course all peers have done so several weeks ago.Could be just lazy administration, maybe its because other news may be in advance.Either way before or after, I expect some substantive updates as the company remains in a crazy but highly profitable limbo.They are generating a great deal of monthly free cash, they hold a large cash balance, and could access at least $200m more from debt facilities.But they choose not to use any of this to grow the business by increasing production, investing a paltry $20m 2021 capex.If POO continues its rise they may soon be generating that in free cash every month!So we will see some of these possibilities at or before FY results.Listed in my personal view of likelihood.Dividend 25-50 mBuyback in the market 50m plusA completion of an accelerated share repurchase agreement for up to 25% of issueDeal on 73m arrears possibly by an improved WI PSCFarm in and FDP approvalReserve based lending facility and FDP , GKP take it forward aloneSale of Shaikan as an asset in whole or part, re assigned operatorshipFriendly takeoverHostile approachLook forward to seeing what happens.

[nestoframpers] 27/2/2021 10:51

The HCL is a requirement of the WTO IMF and the UN for Iraqs bailout .The Pope is also visiting Erbil , apparently this is significant!

[beernut] 27/2/2021 10:36

Bank Of America Expects Fastest Oil Price Rise In 30 Years

By Irina Slav - Feb 25, 2021, 9:00 AM CST
Oil prices are set to rise by the fastest rate since the 1970s over the next three years, Bank of America said in a new report, joining the growing group of analysts forecasting a return of oil to three-digit territory.

The average price of Brent over the next five years, however, will be between $50 and $70 per barrel, according to the bank, as quoted by The National.


The bank also said OPEC+ might decide to reverse its production cuts now that Brent is trending above $60, but added that a slow return of U.S. shale to international markets might lead to an extension of the production cut agreement to make sure prices stay higher.

"We believe that slower shale growth and oil price stability will likely require a continuation of Opec+'s market management beyond April 2022," the bank's analysts said.

OPEC+ is meeting next week to discuss the progress of its agreement in an environment of much tighter supply, and expectations are that some members may push for a production increase. The increase, however, will be moderate, at 500,000 bpd, according to reports.

The last Joint Ministerial Monitoring Committee of OPEC+ met in the first week of February, and the meeting ended without many surprises. For the month of February, another 75,000 bpd was added to the quotas—65,000 bpd to Russia and 10,000 bpd to Kazakhstan. For the month of March, production quotas were eased again by the same amount, with the same distribution of the additions.

Russia is one of the extended cartel's members that will likely call for a further increase in production. Moscow has a tradition of budgeting for pessimistic oil prices, which increases the benefits from each additional dollar benchmarks gain. Saudi Arabia, on the other hand, might like to see much higher prices as its breakeven level, despite the lowest production costs in the world, remains quite high.

By Irina Slav for Oilprice.com

[nestoframpers] 27/2/2021 10:28

Government of Iraq - الح;كو 5;ة الع;را 2;ية
@IraqiGovt
Setting a new exchange rate for the Iraqi dinar against the US dollar is part of the economic reform programme adopted by the
@IraqiGovt
, which aims to address the immediate financial crisis and placing the Iraqi economy on a sustainable path.

[highlander7] 27/2/2021 09:14

They are all still reliving the past and stuck in it , rather than understanding what has happened and why. The future NEVER repeats the past. This is a different company in a completely different set of events and circumstances consequently there will be a different outcome.

The Kurds need Oil Revenue. Shaikan is a part of that, but GKP have neither the resources or expertise to fast track production to at least 110kbbls a day. So the Kurds will have to find someone that will, before THEY run out of money and time.

Fact

[cnpc_loves_gkp] 27/2/2021 08:50

These haven't been set a date for FY as yet, which is odd , as by now they would have normally , and of course all peers have done so several weeks ago.Could be just lazy administration, maybe its because other news may be in advance.Either way before or after, I expect some substantive updates as the company remains in a crazy but highly profitable limbo.They are generating a great deal of monthly free cash, they hold a large cash balance, and could access at least $200m more from debt facilities.But they choose not to use any of this to grow the business by increasing production, investing a paltry $20m 2021 capex.If POO continues its rise they may soon be generating that in free cash every month!So we will see some of these possibilities at or before FY results.Listed in my personal view of likelihood.Dividend 25-50 mBuyback in the market 50m plusA completion of an accelerated share repurchase agreement for up to 25% of issueDeal on 73m arrears possibly by an improved WI PSCFarm in and FDP approvalReserve based lending facility and FDP , GKP take it forward aloneSale of Shaikan as an asset in whole or part, re assigned operatorshipFriendly takeoverHostile approachLook forward to seeing what happens.

[k4n4k] 27/2/2021 08:37

Old money. Old Kozel barrels.
Texas 'old-ham. 🤠🤠🤠

🦁🦁🦁

[highlander7] 27/2/2021 08:29

Todd is obviously too close to the truth for Paddy.

Ive never seen him up this early before.

LOL

[the patriotic irishman] 27/2/2021 08:18

and IF YOU were on the GKP BOD and YOU had YOUR WAY

GKP would NEVER have gone through the debt restructuring process and YOUR creditors would have put YOUR little company into liquidation a long long long time ago 😋


'industry expert' with, wait for it, 'senior management experience' huh 😂 😂 😂


LT holders are rejoicing every single day knowing that 1.7p (in old money) is a whole lot better than YOUR exiled experts 'no boardroom restructuring' nought 🤦‍a94;️


its good in ere innit - rattle rattle 🤡

[highlander7] 27/2/2021 07:43

If I was GKP BOD I would have had enough of the KRG by now and would be looking for an "out". Particularly because of the rise in OP and increase in +ve sentiment in the O&G sector as a whole.

Its just what form that "out" would take, as Todd correctly identifies.

IMO

[toddkozel] 27/2/2021 06:53

These haven't been set a date for FY as yet, which is odd , as by now they would have normally , and of course all peers have done so several weeks ago.Could be just lazy administration, maybe its because other news may be in advance.Either way before or after, I expect some substantive updates as the company remains in a crazy but highly profitable limbo.They are generating a great deal of monthly free cash, they hold a large cash balance, and could access at least $200m more from debt facilities.But they choose not to use any of this to grow the business by increasing production, investing a paltry $20m 2021 capex.If POO continues its rise they may soon be generating that in free cash every month!So we will see some of these possibilities at or before FY results.Listed in my personal view of likelihood.Dividend 25-50 mBuyback in the market 50m plusA completion of an accelerated share repurchase agreement for up to 25% of issueDeal on 73m arrears possibly by an improved WI PSCFarm in and FDP approvalReserve based lending facility and FDP , GKP take it forward aloneSale of Shaikan as an asset in whole or part, re assigned operatorshipFriendly takeoverHostile approachLook forward to seeing what happens.

[toddkozel] 27/2/2021 05:37

HTTPS://twitter.com/Paul47293202/status/1365249508230258688?s=19

[toddkozel] 27/2/2021 05:36

Closing in on 26,000Will he get there before the Sale RNS?25,944 posts from the BIGDOG,Black Rock now have acquired 5.36% over 11,250,000 and increasing,Is it a pile of xcz&£, because almost 26,000 negative posts by an avatar says so ? Or do you follow the investment reality?LOL

[sbb1x] 26/2/2021 22:05

Just a waiting game for end of March broker upgrades of 300